Register

Justin is going to invest in an account paying an interest rate of 4.9% compounded continuously. How much would Justin need to invest, to the nearest ten dollars, for the value …

Justin is going to invest in an account paying an interest rate of 4.9% compounded continuously. How much would Justin need to invest, to the nearest ten dollars, for the value …
asked 57.0k views
5 votes
Justin is going to invest in an account paying an interest rate of 4.9% compounded continuously. How much would Justin need to invest, to the nearest ten dollars, for the value of the account to reach $2,100 in 8 years?​

asked
User Charles Maria
by
8.2k points

2 Answers

5 votes

Answer:

1420 .

Explanation:

answered
User Kiro
by
8.5k points
9 votes

Answer: 1420

Explanation:

Justin is going to invest in an account paying an interest rate of 4.9% compounded-example-1
answered
User SashikaXP
by
8.1k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!